Otherwise known as a pension plan, superannuation is a way to save for retirement. There is no ‘one-size-fits-all’ approach to super: it’s important to develop a strategy that suits your unique situation and requirements.
Superannuation money comes from employer contributions and is ideally topped up with your own funds through salary sacrifice or voluntary contributions.
Depending on your eligibility, the government may also add to your fund through co-contribution or
low income super contribution.
SMSFs come with a number of benefits, including:
Greater control over how the fund’s assets are invested
The ability to invest directly into residential and commercial property
The possibility of borrowing funds
The ability to pool your funds with family members
Flexibility when transitioning into retirement
SMSFs are one of five superannuation categories in Australia and there are over 250 different funds to choose from in total. It’s highly recommended to weigh up each of the options and choose a scheme that aligns with your goals and values.
What is an SMSF?
SMSF stands for self-managed super fund.
This is currently the most popular type of fund within
Australia’s superannuation industry
Do you have a plan you can rely on when it comes to your financial future?
Interested in finding out more?
GM Homes (Australia) Pty Ltd is in the business of providing residential property for investment both inside and outside SMSF (Self-Managed Super Fund). Information provided by GM Homes (Australia) Pty Ltd or its staff/representatives is general in nature and for educative purposes only.
Mortgage advice is provided by Need A Mortgage Pty Ltd, ACL 365679
GM Homes (Australia) Pty Ltd policy is to refer potential SMSF clients wanting to proceed with an SMSF to an AFSL (Australian Financial Services Licence) holder for an SOA (Statement of Advice) before providing any property services, to this GM Homes (Australia) Pty Ltd have a panel of AFSL service providers for the purpose of the client obtaining an SOA. Further potential clients are free to engage an AFSL service provider of their own choosing for the provision of a SOA. GM Homes (Australia) Pty Ltd have no commercial arrangement with any AFSL holders.